End of life planning is very difficult. On the one hand, you must understand what your assets are and contemplate how to dispose of them after your death in a way that is meaningful to you and the people or organizations you gift. On the other hand, you must identify your standard of medical care and treatment and be able to communicate it to a responsible person so that if and when you lose mental capacities and capabilities, your actual wishes are followed.
Even the best-laid plans can leave you vulnerable and at the mercy of the people around you – spouses or partners, children, and business associates – before you die. An estate plan does not protect someone before he or she dies.
Financial mismanagement concerns